10 Tech Things You Need To Know This Morning

Ellis Hamburger, Business Insider We're only a few days into September and some big tech news has already dropped.

Microsoft is buying Nokia's smart phone business for $7 billion. It's paying 3.70 billion Euros for the devices and services division, which produces some of the best-selling Windows phones like the Lumia 920, 925, and 1020. Microsoft is also paying 1.65 billion Euro ($2.2 billion U.S.) for the rights to Nokia's patents.